Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Zona Franca de Iquique

Market Cap: CL$220.6b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Pure Cycle

Market Cap: US$241.9m

Provides wholesale water and wastewater services in the United States.

va-Q-tec

Market Cap: €392.2m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺6.1b

Operates as a guardrail supplier company in Turkey.

China SXT Pharmaceuticals

Market Cap: US$203.0m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.5b

Provides software development services to public and private organizations in Turkey.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺27.2b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

FineMark Holdings

Market Cap: US$533.4m

Operates as the holding company for FineMark National Bank & Trust that provides various banking products and financial services to individual and corporate clients.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.2b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Solesence

Market Cap: US$237.7m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Vantage

Market Cap: US$142.5m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Capricorn Group

Market Cap: R11.0b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Morris State Bancshares

Market Cap: US$234.2m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Wema Bank

Market Cap: ₦347.2b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.3b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

First National Bank of Botswana

Market Cap: P13.5b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Nigerian Aviation Handling

Market Cap: ₦189.3b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Reitar Logtech Holdings

Market Cap: US$283.5m

Through its subsidiaries, provides construction management and engineering design services.

Transnational Corporation of Nigeria

Market Cap: ₦538.6b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

FRMO

Market Cap: US$402.8m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 69.0b

Processes heavy bitumen crude in Africa.

Senstar Technologies

Market Cap: US$109.2m

Provides physical, video, and access control security products and solutions worldwide.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺8.6b

A real estate investment trust.

ANSA Merchant Bank

Market Cap: TT$3.3b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.4b

Engages in the production and sale of food products in Turkey.

La Forestière Equatoriale

Market Cap: €118.7m

Does not have any significant operations.

Inversiones Doalca SOCIMI

Market Cap: €153.0m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

West Bancorporation

Market Cap: US$342.2m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Metalpha Technology Holding

Market Cap: US$135.2m

Provides wealth management services in Hong Kong.